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Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $746,000 $603,000 Cost of goods sold 466,250 384,714 Selling expenses 124,582 67,536 Administrative
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $746,000 $603,000 Cost of goods sold 466,250 384,714 Selling expenses 124,582 67,536 Administrative expenses 55,204 54,873 Income tax expense 37,300 24,120 Net income 62,664 71,757 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.)
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